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20 Pesos
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 2003 |
| Type | Local banknote |
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|---|---|
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| Reverse description | The reverse is printed in red-orange on a pale ground and is entirely occupied by the legal text of the bond instrument in small typeface, headed PROVINCIA DE TUCUMAN - BONOS DE CANCELACION DE DEUDAS / LEY 5728 MODIFICADA POR LEYES 5866, 6969 Y 6988, followed by numbered articles detailing the legal authority, redemption conditions, and guarantees. A large ghost numeral 20 serves as an underprint at left in pale orange, and the issuer's monogram device is positioned at lower right. |
| Reverse lettering | PROVINCIA DE TUCUMAN - BONOS DE CANCELACION DE DEUDAS LEY 5728 MODIFICADA POR LEYES 5866, 6969 Y 6988 ARTICULO 1 ARTICULO 2 ARTICULO 3 DECRETO 750/3 (ME) 2000 |
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| Comments |
Argentine provinces began issuing their own quasi-currencies — known as cuasimonedas — during the severe liquidity crisis of 2001–2002, when the federal government effectively ran out of pesos to transfer to the provinces. Tucumán's emission was part of that wave, used to pay provincial employees and contractors when hard currency simply wasn't available. Unlike the larger provinces, Tucumán's series remained relatively modest in total volume.
The PS prefix in the Pick reference places this firmly in the emergency provincial issues, a category that became obsolete almost as quickly as it appeared — most cuasimonedas were recalled and redeemed at par by 2003–2004 as the national economy stabilized under Kirchner.